The Latest

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    Nearly 7 in 10 firms report AI cost overruns

    Hidden costs and poor governance are complicating efforts to keep enterprise AI spending on track, according to the study.

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    Rogue AI poses 10% odds of ‘catastrophic harm’ by 2030: MIT study

    AI within five years may be used for mass deception, weapons development, public manipulation, political abuse and cyberattacks, according to an MIT study.

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    Alamy
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    BlackLine CFO touts ‘outcome-based’ AI pricing shift

    With finance chiefs searching for more predictability from their AI spending, BlackLine CFO Patrick Villanova expects the outcome-based pricing the company offers to grow more common.

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    92% of CFOs, top finance staff feel pressure to show ROI from AI: survey

    Half of survey respondents said their AI agents have yielded only limited measurable ROI, according to Avalara.

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    GM CFO looks to put EV restructuring ‘work behind us’

    The automaker has logged $10.9 billion in EV-related charges since beginning efforts to restructure the segment in late 2025.

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    Opinion

    Accounting’s next challenge: Guarding what AI can’t replace

    “With the industry’s adoption of AI, the judgment-building work doesn't disappear,” writes Trullion CEO Artie Minson.

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    Finance AI spending is stuck on efficiency gains, Gartner says

    Only 17% of CFOs report significant or transformational value from productivity-focused investments, according to the research.

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    EY hit with proposed class action over data breach

    The lawsuit alleges the firm failed to protect sensitive tax and financial information exposed through an IT support platform.

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    Persistent inflation dogs small business confidence: US Chamber

    The Federal Reserve will probably raise interest rates in coming months in an effort to curb inflation to its 2% target, according to traders in interest rate futures.

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    Ex-CFO sentenced to 36-month prison term for $4.3M loan scheme

    Former Bank of the Valley CFO Aaron Luneke will serve 36 months in prison and be fined $10,000 in connection with bank fraud charges.

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    Tax numbers aid analysts more than narratives, study finds

    CFOs must balance the need to meet disclosure compliance requirements with the risk of drawing extra scrutiny from competitors and the IRS.

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    Jobs in occupations most exposed to AI increased by 4%: Chicago Fed

    Research by the Chicago Fed aligns with other recent studies challenging widespread concerns that AI will lead to mass unemployment.

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    OpenAI pushes new yardstick for measuring AI investments

    The company’s CFO floated a “useful-intelligence-per-dollar” approach as organizations face growing pressure to show returns on their AI spending.

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    New Xactly CFO targets efficient revenue growth

    In her first week at the AI company, Adriana Carpenter is focusing on revenue, AI implementation, and ensuring she’s showing, not just telling, the financial story.

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    Retail sales edge up, restrained by falling gasoline prices

    “Over the past few months, value shopping has gained traction as household budgets have come under pressure,” the Bank of America Institute said.

  • SpaceX employees celebrate during its IPO on June 12 2026
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    SpaceX leads US IPO surge as H1 proceeds top $114B: PwC

    “The window is wide open, and companies that are prepared for that window are being rewarded for it,” PwC’s Mike Bellin said.

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    Pentair brings back CFO as interim finance chief

    Pentair’s Bob Fishman is returning as interim CFO five months after he resigned from the top finance seat in March.

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    Washington DC’s CPA bill advances to mayor’s desk

    The legislation establishing a third path to becoming a certified public accountant must also undergo Congressional review before becoming law.

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    Warsh says US in ‘fight’ with China for dominance in AI

    Federal Reserve Chair Kevin Warsh told a Senate panel that the U.S. “is extremely well positioned to be at the cutting edge and extract more productivity” from artificial intelligence.

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    Ex-ViaQuest CEO calls embezzlement allegations false, part of business dispute

    On Monday, the healthcare firm filed a civil suit accusing its ex-CEO and former CFO of tapping company funds for personal expenses including club memberships and football tickets.

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    CoStar CFO heads to Allstate with $2M sign-on bonus

    Incoming Allstate finance chief Christian Lown succeeds Jess Merten, who was named president of property liability in October 2025.

  • Actor Jeremy Allen White sits in a chair poolside. He is wearing an open denim vest, black denim jeans and black cowboy boots.
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    Courtesy of Calvin Klein
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    Sephora vet to take Calvin Klein parent’s CFO seat

    Apparel retailer PVH appointed Alexis Rollier to take its finance reins about eight months after its previous finance chief Zac Coughlin departed.

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    ViaQuest sues ex-CEO, former CFO for embezzlement

    The healthcare firm alleges in a civil suit that its ex-CEO and former CFO tapped company funds for personal expenses including club memberships and football tickets.

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    Missouri governor signs CPA licensing bill, effective next month

    The Show Me State joins over 40 others establishing a route to becoming a certified public accountant that doesn’t require 150 college credit hours.

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    Inflation slows to 3.5% as Warsh pledges to achieve Fed’s 2% target

    “There’s plenty of work to do” to reduce inflation to an acceptable level, Federal Reserve Chair Kevin Warsh said in testimony before the House Financial Services Committee.